E+H has advised CVI Investments and Heights Capital Management on the restructuring and insolvency proceedings of Fisker. Schoenherr advised Fisker.
Schoenherr Advises Tuplex on Acquisition of Stake in Sico Polska
Schoenherr has advised Tuplex on its acquisition of a stake in Sico Polska from Aleksander Goldschnedier, Piotr Klamecki, Ewelina Malinska, and Celina Zduniak.
Schoenherr and Wolf Theiss Advise on Volksbank Wien’s EUR 500 Million Issuance and Tender Offer
Schoenherr has advised Danske Bank, Erste Group, ING, Natixis, and UBS, on Volksbank Wien’s invitation to existing holders of their outstanding EUR 400 million 2.75% fixed to fixed tier 2 notes with an interest rate reset date on October 6, 2022 to tender their notes for purchase by the company for cash. Schoenherr also advised the banks on the successful issuance of EUR 500 million 5.5% Volksbank Wien’s subordinated notes issuance. Wolf Theiss advised Volksbank Wien.
CMS Advises Erste Asset Management on Acquisition of Impact Asset Management
CMS has advised Erste Asset Management on its acquisition of Impact Asset Management. Schoenherr reportedly advised the sellers.
Schoenherr and Gide Advise on Enterprise Investors Fund IX Investment in Scan Lab
Schoenherr has advised mBank on financing the acquisition of Scan Lab by Enterprise Investors Fund IX. Gide advised Enterprise Investors.
Schoenherr and White & Case Advise on OMV's EUR 1 Billion Corporate Bonds Issuance
Schoenherr has advised OMV Aktiengesellschaft on a EUR 1 billion corporate bonds issuance with Barclays, Erste Group, Mizuho, Raiffeisen Bank International, Societe Generale, and UniCredit serving as joint bookrunners. White & Case's Frankfurt office advised the joint bookrunners.
CMS Advises Santander Bank Polska, mBank, and Alior Bank on Financing for Golebiewski Holding
CMS has advised Santander Bank Polska, mBank, and Alior Bank on a seven-year syndicated financing for Golebiewski Holding.
Schoenherr Advises Rehau Automotive on Sale of European Sealing and Extrusion Business Unit to Vintech Industries
Schoenherr, working with Gleiss Lutz, has advised Rehau Automotive on the sale of its European sealing and extrusion business unit to Vintech Industries. Taylor Wessing reportedly advised Vintech Industries.
Schoenherr Advises eSky Group on Financing of Thomas Cook Acquisition
Schoenherr has advised eSky Group on the financing of its acquisition of Thomas Cook from Fosun Tourism and Culture Group. Deloitte Legal reportedly advised Bank Polska Kasa Opieki and mBank. Reportedly, Dentons' UK office advised eSky Group on the acquisition and Reed Smith advised the sellers.
Schoenherr Advises mBank on Financing for Focus Telecom Polska's Acquisition of Systell
Schoenherr has advised mBank on the financing of Focus Telecom Polska's acquisition of Systell group companies. Dubinski Jelenski Masiarz and Partners and Porebski and Partners reportedly advised Focus Telecom.
Privacy Concerns in Web Scraping: a GDPR and Serbian Privacy Law Perspective
When developing their models, AI providers use various data sets. Sometimes these are provided by their clients, as in the case of tailor-made chatbots, and sometimes the models are trained on licensed or even publicly available data.
The Status and Future Prospects of AI Regulation and Development in Montenegro
Montenegro lacks specific legal regulations or national strategies for AI, with current AI activities governed by general legal principles from existing laws. Despite the absence of detailed regulations or strong government support, public awareness of AI is relatively high, with 59.1 % of citizens familiar with the technology. Several initiatives are actively promoting the safe development and use of AI, reflecting a growing public interest in influencing future AI regulations.
Norton Rose Fulbright Advises Panattoni on Construction of BTO Facility for E.G.O.-Group
Norton Rose Fulbright has advised Panattoni on the construction of a new built-to-own facility in Lodz, to be developed for E.G.O.-Group. Schoenherr reportedly advised E.G.O.-Group.
Poland: DORA Compliance Deadline Approaches
The Digital Operational Resilience Act (DORA), along with the NIS2 directive, is a crucial piece of European legislation aimed at strengthening cybersecurity within the EU. While NIS2 focuses on a broader range of critical sectors, DORA specifically targets the financial sector, establishing a robust framework to ensure that regulated financial entities can withstand, respond to and recover from disruptions and threats related to information and communications technology (ICT). DORA complements other EU regulatory frameworks by introducing standardised requirements for digital operational resilience, which financial entities must incorporate into their risk management strategies by its effective date of 17 January 2025.
The Status and Future Prospects of AI Regulation and Development in North Macedonia
North Macedonia currently lacks AI-specific regulations, lagging behind neighbouring countries that have implemented guidelines or laws. Although the Macedonian Fund for Innovation and Technology Development (FITD) and the government initiated efforts in 2021 to create a National Strategy for AI (National Strategy), progress has been slow due to challenges such as insufficient data, human resources, and technical capabilities. Despite this, there is a strong commitment, supported by organisations like the World Bank and UNDP, to develop a comprehensive AI strategy aligned with European Union (EU) standards.
CMS and Ellex Advise on TurboVolt's Sale to Eleport
CMS has advised TurboVolt on its sale to Eleport. Ellex advised Eleport and, reportedly, Schoenherr advised Eleport on Austrian, Croatian, and Slovenian law.
Schoenherr and Karanovic & Partners Advises Integral Venture Partners on Acquisition of 50% stake in EsoTron
Moravcevic, Vojnovic and Partners in cooperation with Schoenherr has advised Integral Venture Partners on its acquisition of a 50% stake in EsoTron. Karanovic & Partners advised the founders of EsoTron on the sale.
Austria: EU Nature Restoration Law Has Come Into Force
The Regulation (EU) 2024/1991[1], known as the "Nature Restoration Law" ("NRL"), represents a significant EU initiative aimed at reversing ecosystem degradation. The NRL requires Member States to restore degraded ecosystems and enhance biodiversity and resilience across land and marine areas. Effective from 18 August 2024, the NRL imposes binding targets for ecosystem restoration, presenting both opportunities and challenges. This article analyses the NRL's potential impacts on the private sector, highlighting significant concerns and legal issues.